Xinhua News Agency: China-U.S. trade talks achieved substantial progress and resulted in important consensus

The Xinhua News Agency Press Release(Chinese Version)：

Xinhua News Agency, Geneva, May 11 (Reporters Han Jie, Chen Junxia) — On May 10–11 local time, He Lifeng, Vice Premier of the State Council and China’s lead representative for China-U.S. economic and trade affairs, held high-level economic and trade talks in Geneva, Switzerland with his U.S. counterparts: Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer. The two sides engaged in candid, in-depth, and constructive communication on implementing the important consensus reached during the January 17 call between the Chinese and U.S. Presidents, reached a series of important agreements, and made substantial progress in the talks.

He Lifeng stated that China and the United States share broad common interests and have vast potential for cooperation. The nature of China-U.S. economic and trade relations is mutually beneficial and win-win. As two major countries at different stages of development and with different economic systems, it is normal for China and the U.S. to have disagreements and frictions in their economic cooperation. The key, he said, is to follow the guidance of the presidential-level consensus and, in the spirit of mutual respect, peaceful coexistence, and win-win cooperation, seek proper solutions through equal-footed dialogue and consultation.

He emphasized that there are no winners in a trade war. China does not want a trade war, but it is not afraid to fight one. If the U.S. insists on harming China’s interests, China will resolutely fight back and accompany the fight to the end. Maintaining healthy, stable, and sustainable development of China-U.S. economic and trade relations serves the fundamental interests of both countries and their peoples and is also conducive to global economic growth. The two sides should tap deeper into cooperation potential, expand areas of collaboration, and grow the “cooperation pie” so as to keep pushing China-U.S. economic relations forward and inject more certainty and stability into the global economy.

The two sides agreed to establish a mechanism for economic and trade consultations, and to maintain communication on their respective concerns in the economic and trade domain.

中美经贸高层会谈在瑞士日内瓦举行

新华社日内瓦5月11日电（记者韩洁　陈俊侠）当地时间5月10日至11日，中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国财政部长贝森特和贸易代表格里尔在瑞士日内瓦举行中美经贸高层会谈。双方围绕落实1月17日中美元首通话重要共识进行了坦诚、深入、具有建设性的沟通，达成一系列重要共识，会谈取得实质性进展。

何立峰表示，中美拥有广泛的共同利益和广阔的合作空间，两国经贸关系的本质是互利共赢。作为发展阶段、经济制度不同的两个大国，中美双方在经贸合作中出现分歧和摩擦是正常的，关键要以两国元首重要共识为指引，本着相互尊重、和平共处、合作共赢的原则，通过平等对话协商，找到妥善解决问题的办法。贸易战没有赢家，中方不愿打贸易战，但也不怕打。倘若美方执意侵害中方权益，中方将坚决反制，奉陪到底。维护中美经贸关系健康、稳定、可持续发展，符合两国和两国人民的根本利益，也有利于全球经济增长。双方应深挖合作潜力，拉长合作清单，做大合作蛋糕，推动中美经贸关系不断取得新的发展，为世界经济注入更多确定性和稳定性。

中美双方一致同意建立经贸磋商机制，就双方在经贸领域的各自关切保持沟通。

Chinese Press Conference: Substantive Progress and Key Consensus Reached in High-Level China-U.S. Economic and Trade Talks

From May 10 to 11, China and the United States held high-level economic and trade talks in Geneva, Switzerland. At a press conference, the Chinese delegation stated that the two sides had in-depth exchanges on economic and trade issues of mutual concern. The talks were described as frank, thorough, and constructive. Substantive progress was achieved, and important consensus was reached.

Both sides agreed to establish a China-U.S. economic and trade consultation mechanism, designate lead representatives, and conduct further consultations on respective concerns. The two countries will finalize relevant details as soon as possible and are expected to release a joint statement on the outcomes of the talks on May 12.

Chinese Press Conference: China-U.S. Trade Talks Were Frank, In-Depth, and Constructive

From May 10 to 11, China and the United States held high-level economic and trade talks in Geneva, Switzerland. According to the Chinese delegation at the press conference, the two sides engaged in thorough discussions on issues of mutual concern. The atmosphere of the talks was described as frank, in-depth, and constructive. The talks yielded substantive progress and led to the achievement of key consensus.

中方发布会：中美经贸高层会谈取得了实质性进展，达成了重要共识

5月10日至11日，中美双方在瑞士日内瓦举行经贸高层会谈。中方代表团在新闻发布会上表示，双方就彼此关心的经贸问题开展了深入交流。会谈氛围是坦诚的、深入的、具有建设性的，取得了实质性进展，达成了重要共识。双方一致同意建立中美经贸磋商机制，明确双方牵头人，就各自关切的经贸问题开展进一步的磋商。中美双方将尽快敲定有关的细节，并且将于5月12日发布会谈达成的联合声明。

中方发布会：中美经贸高层会谈氛围是坦诚的、深入的、具有建设性的

5月10日至11日，中美双方在瑞士日内瓦举行经贸高层会谈。中方代表团在新闻发布会上表示，双方就彼此关心的经贸问题开展了深入交流。会谈氛围是坦诚的、深入的、具有建设性的，取得了实质性进展，达成了重要共识。

The Xinhua News Agency Press Release (English Version)：

Chinese vice premier: talks with U.S. side candid, in-depth and constructive

Xinhua

Published: 2025-05-12 02:36:20

Chinese vice premier: talks with U.S. side candid, in-depth and constructive

Chinese vice premier: substantive progress has been made, important consensus reached

China, U.S. agree to establish economic, trade consultation mechanism, conduct further consultations on issues of mutual concern, says Chinese vice premier

China, U.S. will on Monday issue joint statement reached during talks, says Chinese vice premier

Chinese vice premier says China, U.S. have taken important step to resolve differences through equal dialogue and consultation

Chinese vice premier: China-U.S. economic, trade ties mutually beneficial, win-win in nature

China ready to work with U.S. to manage differences, extend list of cooperation, make pie of cooperation bigger -- Chinese vice premier

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US White House Press Release:

U.S. Announces China Trade Deal in Geneva

Secretary of the Treasury Scott Bessent:“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

U.S. Trade Representative Ambassador Jamieson Greer:“This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought. That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”